Temenos Announces Q2 Results And Cuts FY24 Guidance
July 23 (Reuters) -TEMENOS AG TEMN.S:
ANNOUNCES Q2-24 RESULTS AND REVISED FY-24 GUIDANCE
REVISED FY-24 GUIDANCE ARR GROWTH OF ABOUT 13% (PREVIOUSLY ABOUT 15%), TOTAL SOFTWARE LICENSING GROWTH OF 3-6% (PREVIOUSLY 7-10%), EBIT GROWTH OF 7-9% (NO CHANGE), EPS GROWTH OF 6-8% (NO CHANGE) AND FREE CASH FLOW GROWTH OF AT LEAST 16% (NO CHANGE)
Q2 FREE CASH FLOW OF USD 73M, UP 16% REPORTED
Q2-24 ARR OF USD 742M, UP 12% Y-O-Y C.C.
CUSTOMER CONFIDENCE: ALL DELAYED DEALS FROM Q1-24 SIGNED IN Q2-24
HOWEVER, 2 MONTH DELAY IN MOST SALES PROCESSES FROM SHORT SELLER REPORT STILL IMPACTED Q2-24
NON-IFRS EBIT UP 7% IN Q2-24 C.C.
IFRS AND NON-IFRS REVENUE WAS USD 248.4M FOR QUARTER, AN INCREASE OF 4% VERSUS. Q2-23
NON-IFRS EPS WAS USD 0.94 FOR QUARTER, AN INCREASE OF 8% VERSUS. Q2-23
LEVERAGE AT 1.4X AT END OF Q2-24
IFRS EBIT WAS USD 52.6M FOR QUARTER, A DECREASE OF 4% VERSUS. Q2-23
Further company coverage: TEMN.S
(Gdansk Newsroom)
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